RBI reviewing bank ownership rules, may allow foreign lenders to hold 26% stake
The Reserve Bank of India (RBI) is reviewing its norms on bank ownership, which may include allowing foreign banks a...
Business
Light rare earths, no magnets, and a resolve to break free of China’s iron grip
Sona Comstar, the country's eighth largest parts maker, has developed new motors using light rare earth elements like cerium, samarium...
From Leh to Kota, multiplexes roll into smalltown and southern India
Big multiplexes such asPVR Inox and Cinepolis as well as smaller companies such as Miraj Entertainment Ltd, Mukta A2 Cinemas,...
WPP Media dominated India’s $16-billion media agency market in 2024: COMvergence
Mumbai: WPP Media, formerly GroupM, has emerged as the top media agency group in India with $6.6 billion in billings...
HDFC Bank raises bets on GenAI for productivity gains
Mumbai: India’s largest private sector lender HDFC Bank has identified over 15 programmes that will use generative artificial intelligence (GenAI),...
Visa-backed PayMate withholds, delays salaries since April amid cash crunch
According to three of the people with knowledge of the matter who did not want to be named, the 100...
What India is now doing to avoid a fertilizer shock
Last week, three Indian fertilizer firms signed a long-term supply contract with a Saudi Arabian firm for diammonium phosphate (DAP)—a...
A 26-acre patch emerges as key hurdle to SCL Mohali’s facelift
Owned by the Punjab government, the land was identified by the Centre-run facility over a year ago for its expansion...
We need a revamped Incredible India campaign to lift tourism: HAI’s MP Bezbaruah
India saw 9.23 million foreign tourist arrivals (FTAs) in 2023 – a significant increase from 6.44 million in 2022. While...
Margins pressure, credit costs may plague banks in Q1; asset quality seen largely stable
“Q1FY26 is expected to be a muted quarter with most banks juggling with many adversely moving aspects such as slowing...
